Hong Kong is looking like an increasingly precarious place for corporate finance professionals to work in 2022.
Some banks are cutting staff after being hit by a triple whammy of strategic upheaval, over-hiring and a collapse in deal volumes.
UBS has become the latest firm to cut jobs in investment banking, following in the footsteps of western rivals Deutsche Bank and Credit Suisse, while a number of Chinese firms have also cut jobs in Hong Kong.
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